DEEP 13:46–13:53Z: pre-registered BMY exit executed; two earnings gates read on primary 8-Ks, both failed; no new entries

First action (L029/L033): I adjudicated BMY session 8 on the 09-22 settled close. The clock reached 5 of 5 and the exit fired. BMY -0.5909% vs PFE +0.6849% (lags 5.10x the 0.25pp floor), MRK +0.9431% (6.14x), XLV +0.5207% (4.45x). adjusted == raw, no ex-div artefact. That's unanimous adverse, with no voider-#5 exclusion (no fresh primary-dated AZN/BMY report). → SELL 2 BMY, limit $61.94, filled $61.9501 at 13:48:21Z (order 6ab3d8a5). -$10.39 realised / -7.74% vs the $67.1458 basis. The clock took it out $1.52 above the $60.43 hard stop. Graded as a lost PRICE bet (L031(c)). No re-entry gate is pre-registered.

Other settled-close reads handed forward by the 09-22 DAILY:

• DIS: leads NFLX 4.97x, CMCSA 7.32x, XLC 2.68x. Unanimous FAVOURABLE, so the session BLOCKS and the clock stays at 2 of 3.
• KTB: no relative clock. EDGAR's newest 8-K is 09-02, so the L036 add gate stays shut.
• GME: no 8-K since 09-08, so voider #1 is unfired. $24.42 is a new high-water, so the ratchet climbs.

Scheduled earnings gates (L033: both "am" releases were read the same session, off the raw EDGAR Ex.99, not through a summariser):

• GIS FAILED. North America Retail organic net sales printed (3)% against a zero-or-better bar. The FY27 outlook was reaffirmed, but the bar is conjunctive. Off the bench, with no softer bar.
• CBRL FAILED leg 2. Q4 comp restaurant sales printed -2.1% against a -1.6% bar. The -3.6% mirror did not fire, so it stays on the bench, gate shut. It re-reads at the Q1 FY27 print (≥ +1.0% admits; ≤ -3.1% removes). FY27 guide: comps +3-5%, revenue $3.325-3.4B.

Signal sweep (logs/research/20260923T135101-signals.md): IONQ (quantum claim), WOR (Q1 beat), CART (Meta Muse tie-up), RCL (Sandals stake). WebSearch magnitudes are false again: it claimed WOR +15%, the broker says -0.49%; it claimed CART +3%, the broker says -2.06%. Catalysts come from search, magnitudes from the broker. The tape is risk-off in discretionary (XLY -1.08%, MCD -3.5%, RCL -4.7%, SPY -0.29%). Fed's Collins was hawkish, and 30y mortgages are above 7%.

Action: 1 SELL (BMY, pre-registered). NO BUYS, a CHOSEN pass.

Buying power is $515.89. BMY's $123.90 of proceeds are unsettled (cash account) and aren't in BP. That leaves [path]$315.89 deployable above the $200 buffer, and daily headroom is $500. No pre-registered gate cleared, and none of the swept names comes with a thesis whose exam fits inside a -10% leash (L031) or has timing evidence beyond "it moved today" (L036). The pass is gradeable: IONQ $42.68, WOR $58.65, CART $43.495 at 13:49Z. Book: KTB 2, DIS 1, GME 5; [path]64% cash.

DEEP 14:26–14:32Z: signal sweep, all voiders re-read on EDGAR, no trades

No exit flags. Deployed today is $0 and daily headroom is $500. Buying power is $515.89 (BMY's proceeds are unsettled and not included), which leaves [path]$315.89 deployable above the $200 buffer.

Positions (re-justified):

• KTB $66.72, +0.27% (peak +3.55%). The stop is $59.886. EDGAR shows no KTB filing since 09-15, so the Lee-close/ASR 8-K hasn't printed. Mirror falsifiers are unfired and the L036 add gate stays shut. HOLD.
• DIS $103.65, +2.61% (peak +8.25%). The stop is $90.91. There's no DIS filing since 09-18. The Kraft Heinz alliance and first-CTO headlines are not the metric of record (DTC OI / segment OI vs guide). The clock stays at 2 of 3 and gets adjudicated on the settled close only (L037). HOLD.
• GME $24.295, +14.76% (peak +15.68%). The trailing stop is $22.83 ([path]6.0% cushion). The only GME filings since 09-15 are the two 09-21 Form 4s, so voider #1 (eBay deal in any consideration mix) is unfired. The Stocktwits "$1.4B debt exchange sparks selloff" row is a stale re-publication: that exchange closed [path]09-03, before my 09-11 entry, and was already assessed 09-14. HOLD.

Sweep (logs/research/20260923T142900-signals.md): the 10Y is at a fresh 19-year high after hot data. Broker tape: SPY -0.61%, XLY -1.50%, IWM -1.33%, XLE +1.57%. WebSearch magnitudes were false again: VKTX was claimed +31.55% and is actually -4.08% (sign inverted); PLNT was claimed -9.08% (actual -3.04%), NYT -8.65% (actual -3.74%), PLTR +4.3% (actual +2.39%). Catalysts come from search, magnitudes from the broker.

Candidates considered and passed (CHOSEN passes, gradeable):

• DVN $48.34 (+3.00%). Toms Capital's activist letter urges a sale review (CNBC 14:21Z, verified). Passed because the exam ("explores alternatives") has no date and could take months, while a -10% leash on an oil-beta name amid Hormuz/diesel-ban headlines has a half-life of days (L031). Buying today also means paying for the catalyst I'd claim as edge (L003/L036).
• PLTR $189.42 (+2.39%) is a reiteration, not a new event, and has no clean metric. VKTX $39.185 reads as a false search claim.
• IONQ $42.695, WOR $59.31, CART $42.75 carry over from the 13:51Z sweep with no change in the case.

Action: NO ORDERS. The book is KTB 2, DIS 1, GME 5, [path]64% cash, on a rising-yield, risk-off tape.

DEEP 15:04Z: sweep refreshed, positions re-justified, no trades

No exit flags. Deployed today is $0 and daily headroom is $500. BP is $515.89 (BMY's 13:48Z proceeds are unsettled), leaving [path]$315.89 deployable above the $200 buffer.

Positions:

• KTB $67.05, +0.77% (peak +3.55%). The stop is $59.886. It's -1.14% on the session, in line with XLY -1.27% / XRT -1.22%, so this is sector beta, not idiosyncratic. HOLD.
• DIS $103.84, +2.80% (peak +8.25%). It's flat on the session vs XLC -0.45%. The clock stays at 2 of 3 and is settled-close only (L037). HOLD, no add.
• GME $24.25, +14.55% (peak +15.68%). The trailing stop is $22.83 (5.9% cushion). It's +0.92% vs IWM -1.39%. Voider #1 is unfired. HOLD.

Sweep (logs/research/20260923T150658-signals.md): I date-filtered the feeds and 73/390 docs are session-dated. New since 14:29Z:

• McDonald's CEO says high inflation and flat traffic "are not going away".
• Burry adds to chip shorts.
• Iran floats conditions for reopening Hormuz.
• Oil rebounds after a 5-day slide.

Broker tape: SPY -0.48%, IWM -1.39%, XLY -1.27%, SMH -1.34%, XLE +1.07%.

Search is still generating false magnitudes: it re-served the same VKTX/PLNT/NYT table as 14:29Z, verbatim. The new claim, "JAGX soars 11%", is actually -58% ($14.40 vs $34.46).

Candidates considered and passed (CHOSEN, gradeable):

• MCD $239.33 (-4.40%): the CEO flagged persistent inflation and flat traffic, a same-session reaction to the company's own guidance tone. Buying the dip means paying for the timing claim I have no evidence for (L036), and there's no clean near-dated metric (L031).
• RCL $226.95 (-3.38%): the market is marking down the acquirer after the $3B Sandals 50% stake (12:09Z). Same L036 problem, and I have no view on the deal's accretion.
• IONQ $43.35 (+6.41%): this is the breakthrough headline the tape has already paid for (L003). DVN $48.20 (+2.71%) carries over from 14:29Z unchanged (L031: the activist exam has no date).
• CIFR/WULF: a UBS initiation is an opinion, not an event, and the tape is split (+1.55% / -0.86%). JAGX: search claim false, collapsing, excluded.

Action: NO ORDERS. The book is KTB 2, DIS 1, GME 5, [path]64% cash, on a rising-yield, risk-off tape.

DEEP 15:44Z: sweep refreshed, all three re-justified, no trades

No exit flags. Deployed today is $0 and headroom $500. BP is $515.89 (BMY's 13:48Z proceeds are unsettled), leaving [path]$315.89 deployable above the $200 buffer. Brief: logs/research/20260923T154518-signals.md.

Macro: the 10-yr hit a fresh 19-year high after hot activity data (CNBC 15:20Z; TLT -1.33%). Brent is above $101 and Barr is hawkish. The tape is risk-off and duration-sensitive: SPY -0.54%, IWM -1.31%, XLY -1.40%, SMH -1.25%, while XLE +1.46% is the only real bid.

Positions (broker news re-pulled, nothing newer than the items already logged):

• KTB $66.89, +0.53% (peak +3.55%, stop [path]$59.89). It's -1.37% on the session vs XLY -1.40% and XRT -1.31%, so this is pure sector beta (L006). The L034 falsifiers (Lee-close 8-K, ASR, guide cut) are unfired, and the timing half stays declared unsupported (L036). HOLD.
• DIS $103.63, +2.59% (peak +8.25%, fixed stop [path]$90.91). It's -0.18% vs XLC -0.17%. The Disney+ $21.49 price-hike Market Chatter (10:39 ET) is still unconfirmed by the company, and pricing isn't the DTC-OI metric of record. The L011 clock is settled-close only (L037), so there's no intraday read. HOLD, no add (L007).
• GME $24.45, +15.51% (peak +15.68%). The trailing stop is armed at $22.83, a 6.6% cushion. It's +1.77% vs IWM -1.31%. The idiosyncratic insider-buy narrative (Cohen's $26.4M Form 4) holds, and eBay voider #1 is unfired. The RSI >75 (Benzinga 09-22) is noted as pullback risk, but the ratchet manages it. HOLD.

Candidates considered and passed (CHOSEN, gradeable):

• META $757.30 (+2.81%): the Muse/Shopify catalyst dates to 09-21 and has been paid for twice (+11.4% Monday). Chasing it is L003.
• IONQ $42.77 (+4.98%): the headline is already priced and it's a high-beta name on a rising-yield tape.
• MU $1,077.84 (-1.67%): earnings are ahead, so it has a dated event (L036a), but it's a binary print at fractional size with no edge on the number. Pass.
• MCD $236.67 (-5.46%): the downside is the company's own guidance tone. Buying the dip is a timing bet with no dated evidence (L036).
• Brokerage-as-AI-casualty (CNBC 15:30Z): SCHW +0.09% and HOOD +1.59%. It's a narrative with no tape confirmation. Pass.

Action: NO ORDERS. The book is KTB 2, DIS 1, GME 5, [path]64% cash, on a 19-year-high-yield, risk-off tape. The cash is the hedge.

DEEP 16:20Z: sweep refreshed, all three re-justified, no trades

No exit flags. Deployed today is $0 and headroom $500. BP is $515.89 (BMY's 13:48Z proceeds are unsettled), leaving [path]$315.89 deployable above the $200 buffer. Brief: logs/research/20260923T162305-signals.md.

Macro: the move is unchanged from 15:44Z and slightly deeper. The 10-yr is at a 19-year high (TLT -1.50%), with SPY -0.66%, IWM -1.43%, SMH -1.70%, and XLE +1.65% as the only bid.

Positions (fresh broker quotes, no new company news since the 16:14Z FAST):

• KTB $67.03, +0.74% (peak +3.55%, fixed stop [path]$59.89). It's -1.16% d/d vs XLY -1.35% / XRT -1.21%, which is sector beta (L006). The L034 falsifiers are unfired. HOLD.
• DIS $103.91, +2.87% (peak +8.25%, stop [path]$90.91). It's +0.09% vs XLC -0.31%. The L011 clock is settled-close only (L037), so there's no intraday read. HOLD, no add.
• GME $24.415, +15.33% (peak +15.68%). The trailing stop is armed at $22.83, a 6.5% cushion. It's +1.60% vs IWM -1.43%, and eBay voider #1 is unfired. HOLD.

Candidates considered and passed:

• CBRL $48.06 (+5.67%): the earnings reaction reversed from $44.90 at 13:49Z to green. My own gate adjudicated at 13:52Z (comps -2.1% vs a -1.6% bar) is SHUT. This pass is ENFORCED by pre-registration, not chosen. Buying the intraday reversal would re-open the gate on tape rather than on the instrument of record (L032/L026). Search also claimed +8.3% / $49.25, a false magnitude again.
• GIS $35.235 (-0.61%): off the bench as of 13:52Z. ENFORCED.
• PAYX $106.74 (-6.80%): an earnings-day drop with no thesis, no file, and no dated instrument for WHEN (L036). CHOSEN pass.
• MCD $235.81 (-5.81%): same as 15:44Z. The company's own tone set this; buying the dip is a timing bet (L036). CHOSEN pass.
• DVN $48.58 (+3.52%): the Toms Capital letter is now CNBC-confirmed (16:10Z), but the exam (a sale process) has no date (L031). CHOSEN pass.
• BABA -4.55% / WOR +3.26%: no file and no catalyst read. Pass.

Action: NO ORDERS. The book is KTB 2, DIS 1, GME 5, [path]64% cash on a risk-off, rising-yield tape.

DEEP 16:53Z: sweep refreshed, all three re-justified, no trades

No exit flags. Deployed today is $0 and headroom $500. BP is $515.89 (BMY's proceeds are still unsettled), leaving [path]$315.89 above the $200 buffer. Brief: logs/research/20260923T165520-signals.md.

Sweep: there are 4 session-dated feed docs since 16:20Z, and none is a new primary disclosure on any held or benched name. The tape is slightly deeper risk-off than at 16:23Z: SPY -0.82%, IWM -1.70%, SMH -1.93%, TLT -1.48% (yields up, Barr hawkish), with XLE +0.77% as the lone bid.

Positions (broker quotes 16:52Z; per L037 prices are recorded only, with no intraday clock relations computed):

• KTB $66.91, +0.56% on cost (peak +3.55%, fixed stop [path]$59.89). It's -1.34% d/d on a -1.56% XLY tape, which is sector/rates beta (L006). The L034 falsifiers are unfired, and timing is declared unsupported (L036(c)). HOLD.
• DIS $104.17, +3.13% on cost (peak +8.25%, stop [path]$90.91), +0.34% d/d. No metric-of-record news. HOLD, no add.
• GME $24.455, +15.52% on cost (peak +15.68%, trailing stop $22.83, a 6.6% cushion), +1.77% d/d vs IWM -1.70%. eBay voider #1 is unfired. HOLD.

Candidates:

• CBRL +6.38%: the gate is SHUT by the 13:52Z adjudication, so this pass is ENFORCED.
• META +2.43% (Muse): no file, no thesis, and the only evidence for WHEN is today's tape (L036). CHOSEN pass.
• PAYX / MCD / DVN: unchanged from 16:23Z. CHOSEN passes.

Action: NO ORDERS. [path]64% cash on a rising-yield, risk-off tape.

DEEP 17:31Z: sweep refreshed, all three re-justified, no trades

No exit flags. Deployed today is $0 and headroom $500. BP is $515.89 (BMY's 09-23 proceeds are still unsettled), leaving [path]$315.89 above the $200 buffer. Brief: logs/research/20260923T173217-signals.md.

Sweep: 15 session-dated feed docs since 16:50Z, and every one is macro or MCD. The 10y yield is at a fresh 19-year high on hot data, and the market is pricing an October Fed hike after Barr's comments. McDonald's falls on a big restaurant-upgrade capex plan, and its CEO expects high inflation and fewer diner visits to persist. WebSearch returned macro only (Brent >$101, energy the lone bid, chips down), and the WSB query returned no tickers. There's no primary disclosure on any held name.

Positions (broker quotes 17:30Z; per L037 these are prices only, with no intraday clock relations):

• KTB $66.97, +0.65% on cost (peak +3.55%, stop [path]$59.89), -1.25% d/d. That's rates/XLY beta (L006), and the L034 falsifiers are unfired. HOLD.
• DIS $104.05, +3.01% on cost (peak +8.25%, stop [path]$90.91), +0.22% d/d. The Disney+ price hike is still the only story, and it supports the metric of record. HOLD, no add.
• GME $24.455, +15.52% on cost (peak +15.68%, trailing stop $22.83, a 6.6% cushion), +1.77% d/d vs a weak IWM. eBay voider #1 is unfired. HOLD.

Candidates:

• MCD (capex plan, CEO sees fewer visits): no file and no thesis. The headline is a demand WARNING into a rising-rate tape, and nothing dates WHEN (L036). CHOSEN pass.
• CBRL: the gate is SHUT by the 13:52Z adjudication, so this pass is ENFORCED.
• META / PAYX / DVN: unchanged from 16:55Z. CHOSEN passes.

Action: NO ORDERS. [path]64% cash while the tape prices another hike.

DEEP 18:07Z: sweep refreshed, all three re-justified, no trades

No exit flags. Deployed today is $0 against $500 headroom. BP is $515.89, so [path]$315.89 sits above the $200 buffer. Equity is $1,000.96. Brief: logs/research/20260923T180949-signals.md.

Sweep: 18 session-dated feed docs since 17:30Z. The 10y yield is at a fresh 19-year high, and the rest is Trump-Xi AI talks, Iran at the UN, and the Meta Muse AI-disruption selloff now aimed at brokerages (SCHW/LPLA/RJF). HN is stale. WebSearch named VKTX as the top gainer on VK2735 data, but that magnitude is unverified and not used. Broker news on held names has nothing new since 17:32Z.

Positions (broker quotes 18:07Z; prices only, with no intraday clock read per L037):

• KTB $67.005: +0.70% on cost, peak +3.55%, fixed stop [path]$59.89. It is -1.2% d/d vs $67.82, which is rates/XLY beta (L006) with zero company news since 09-02. The L034 falsifiers are unfired. HOLD.
• DIS $103.80: +2.76% on cost, peak +8.25%, fixed stop [path]$90.91. It is flat d/d. The Disney+ price hike (Bloomberg via MT Newswires, 10:33 ET) is still the only story. HOLD, no add.
• GME $24.67: +16.53% on cost, a NEW lifetime peak (prior +16.39%), so the trailing stop ratchets to +8.27% / $22.92. It is +2.7% d/d on the Cohen Form-4 follow-through, and voider #1 (eBay bid) is unfired. HOLD. Let the trail work, and don't pre-empt it on RSI.

Candidates:

• SCHW (Muse AI-disruption selloff): no file and no pre-registered gate. Buying a narrative-driven dip into a 19-yr-high 10y tape asserts a TIMING claim I have no evidence for (L036). CHOSEN pass. I'm opening a watch file only if it persists into a second session.
• VKTX (biotech data pop): chasing a binary-event gap with no file. CHOSEN pass.
• MCD / CBRL / META / PAYX / DVN: unchanged from 17:32Z. CBRL is ENFORCED (gate shut); the rest are CHOSEN passes.

Action: NO ORDERS. [path]64% cash while the tape reprices rates higher.

DEEP 18:44Z: sweep refreshed, all three re-justified, no trades

No exit flags. Deployed today is $0 against $500 headroom. BP is $515.89, so [path]$315.89 sits above the $200 buffer. Equity is $999.39. Today's order log still shows only the 13:48Z BMY pre-registered exit, so there were no same-day stop-outs. Brief: logs/research/20260923T184618-signals.md.

Sweep: 18 session-dated feed docs since 18:05Z. The tape escalated on rates: the 10y "rockets" to a 19-year high, and the market now prices an October Fed hike (Barr's comments plus a hot inflation read). Stocks are lower and the Nasdaq is off its record. Also: Trump-Xi talks with a Chinese-auto risk to US autos, and McDonald's moving into retail media. Broker news on held names has nothing new since 18:09Z.

Positions (broker quotes 18:44Z; prices only, with no intraday clock read per L037):

• KTB $66.52: -0.03% on cost, peak +3.55%, fixed stop [path]$59.89. It is -1.92% d/d vs $67.82, with zero company news since 09-02. This is rates/consumer-discretionary beta on a hike-repricing tape (L006), not idiosyncratic. The L034 falsifiers are unfired, and an intraday read adjudicates nothing (L037). HOLD.
• DIS $103.52: +2.48% on cost, peak +8.25%, fixed stop [path]$90.91. It is -0.29% d/d. The Disney+ price hike is the only story. The DTC metric is examinable only at the November FQ4 print (L031, a price-leashed hold). HOLD, no add.
• GME $24.605: +16.23% on cost, peak +16.53%, trailing stop +8.27% / $22.92, which leaves [path]6.8% of cushion. It is +2.39% d/d, green on a red tape, on Cohen's Form-4 follow-through (L003-style idiosyncratic strength, not factor beta). Voider #1 (an eBay bid 8-K) is unfired. HOLD. Let the trail work.

Candidates:

• MCD (retail-media ad push, plus a bullish 09/25 $230C whale print): the ad business is a multi-year narrative with no near-term catalyst, and I have no file or gate. CHOSEN pass.
• SCHW / brokerages (Muse AI-disruption selloff): still session one of the narrative. Buying the dip into a market pricing a hike asserts a timing claim I can't support (L036). CHOSEN pass, and I'm opening a watch file only if it persists into a second session.
• US autos (F/GM) on the Trump-Xi Chinese-auto risk: this is a risk headline, not a long thesis. CHOSEN pass.
• CBRL is ENFORCED (gate shut). The rest are unchanged from 18:09Z and remain CHOSEN passes.

Action: NO ORDERS. [path]64% cash into a tape repricing an October hike. Dry powder is a position.

DEEP 19:24Z: sweep refreshed, all three re-justified, no trades

No exit flags. Deployed today is $0 against $500 headroom. BP is $515.89, so [path]$315.89 sits above the $200 buffer. Equity is $997.59. Today's order log still shows only the 13:48Z BMY pre-registered exit. Brief: logs/research/20260923T192323-signals.md.

Sweep: 17 session-dated feed docs since 18:40Z. It's the same rates story: the 10y "rockets" to a 19-year high. New since the last sweep: oil snaps a five-day losing streak (Iran at the UN), industry warns that a Trump diesel-export ban would raise fuel prices, BofA publishes a "stocks that thrive in hiking cycles" screen, and RIVN recalls [path]100.7k vehicles over the rearview camera. RIVN is a known ticker but not held; the recall is a negative with no long case. SPY is -0.74% d/d.

Search-magnitude audit (memory: catalyst from search, magnitude from broker): WebSearch named VKTX +31.55%, CLDX -12.19%, PLNT -9.08%, and NYT -8.65%. The broker shows +3.99%, -8.16%, -3.32%, and -5.44%. The signs were right 4/4 and the magnitudes were wrong 4/4. This is the same 09-21 pattern: don't learn "it inverts signs," because the magnitude is bad either way. VKTX's "+31%" is probably the prior VK2735 data day re-served as today.

Positions (broker quotes 19:20Z; prices only, with no intraday clock read per L037):

• KTB $66.28: -0.39% on cost, peak +3.55%, fixed stop [path]$59.89 ([path]9.6% cushion). It is -2.27% d/d, which is rates/XLY beta (L006) with no company news since 09-02. The L034 falsifiers are unfired. HOLD.
• DIS $103.235: +2.20% on cost, peak +8.25%, fixed stop [path]$90.91. It is -0.56% d/d, roughly in line with SPY. The Disney+ price hike is still the only story, and the metric (DTC OI) isn't examinable until the FQ4 print (L031). HOLD, no add.
• GME $24.40: +15.26% on cost, peak +16.53%, trailing stop +8.27% / $22.92 ([path]6.1% cushion). It is +1.54% d/d on a red tape. Voider #1 (an eBay bid 8-K) is unfired. HOLD. The trail does the work.

Candidates:

• VKTX / CLDX / PLNT / NYT (search movers): I have no files and no pre-registered gates. Every one is a session-one gap or dip, and buying any of them asserts a timing claim I can't support (L036). CHOSEN passes.
• BofA hike-cycle winners screen: a factor call on the day the market reprices an October hike. That's L006 beta, not a thesis. CHOSEN pass.
• RIVN (recall): negative headline, no long thesis. CHOSEN pass. CBRL is ENFORCED (gate shut). SCHW/MCD are unchanged from 18:46Z and remain CHOSEN passes.

Action: NO ORDERS. [path]64% cash into the last 35 minutes of a hike-repricing tape; the DAILY is next.

DEEP 19:58Z (post-bell): no orders, and none were possible

I captured the feed at 19:58:50Z. scripts.tick returned DEEP at 15:58:54 ET, and the report plus the news capture (1,469 rows) ran past the 16:00 bell. No order could route in regular hours, so this DEEP could not open anything. I persisted the RSS/HN brief (logs/research/20260923T200040-signals.md) for pacing only.

No exit flags. Deployed today is $0 of the $500 headroom. BP is $515.89 and equity is $995.83. The only order today is still the 13:48Z BMY pre-registered exit (filled, avg $61.9501).

Positions (broker quotes 19:58:47Z, last regular-hours reads; these are NOT settled closes, per L037):

• KTB $65.70: -1.26% on cost, peak +3.55%, fixed stop [path]$59.89 ([path]8.8% cushion). The L034 falsifiers are unfired. HOLD.
• DIS $103.56: +2.52% on cost, peak +8.25%, fixed stop [path]$90.91. HOLD, no add.
• GME $24.215: +14.38% on cost, peak +16.53%, trail $22.92 ([path]5.3% cushion, the thinnest in the book). Voider #1 is unfired. HOLD.

I computed no clock relations on these prints (L037). Settled closes adjudicate at the first tick of Thu 2026-09-24 (L033).

L035 carry: one night, Wed 09-23 to Thu 09-24. GME's 5.3% cushion is the binding one, and I'm carrying it by choice.

Honest note: a DEEP that fires in the last minute is structurally dead. The research can't be acted on until tomorrow's open. The 19:52Z FAST had already made every decision that was still live.

Action: NO ORDERS. [path]64% cash into the close; the DAILY is next.